Hathway Bhawani Cabletel swings to profit; DoT claim still overhangs
Consolidated net profit of ₹11.78 lakhs versus a loss a year ago, but revenue slipped and the ₹4,130 lakh licence-fee dispute is unresolved.
— 2 earlier stories on Hathway Bhawani Cabletel & Datacom Ltd. →What's new
- Consolidated net profit of ₹11.78 lakhs vs a loss of ₹0.77 lakhs a year ago.
- Revenue from operations slipped to ₹57.74 lakhs from ₹60.91 lakhs YoY.
- The ₹4,130.38 lakh DoT licence-fee demand remains contested with no provision.
Why this matters
The modest profit is a directional improvement but revenue is still shrinking. The DoT demand is over 71 times quarterly revenue, and an adverse ruling could wipe out the entire equity base of this ₹11 cr market-cap company. Until that cloud lifts, the earnings improvement is a footnote.
What we're watching
- Any developments on the DoT dispute: a settlement or provision would be material.
- Revenue trajectory: a return to growth is needed to sustain profitability.
- Whether the company can maintain this tiny profit margin in coming quarters.
The full read
Hathway Bhawani Cabletel eked out a small profit in Q1: consolidated net profit of ₹11.78 lakhs versus a ₹0.77 lakh loss last year. Revenue from operations, however, slipped to ₹57.74 lakhs from ₹60.91 lakhs; the swing came from other income of ₹8.74 lakhs, not the core cable business. The board approved the results on July 14, and the auditor's limited review found no material misstatement.
But the headline number is not the profit. It is the ₹4,130.38 lakhs DoT licence-fee demand that management is contesting without any provision. That sum is over 71 times quarterly revenue and larger than the company's entire ₹11 crore market cap. An adverse ruling would wipe out equity.
Until that cloud lifts, the earnings improvement is a footnote.
Questions answered
- Why did Hathway Bhawani Cabletel swing to a profit?
- Other income surged to ₹8.74 lakhs from a low base, which helped offset the revenue decline. The exact sources of other income are not detailed in the filing.
- How large is the DoT demand compared to the company's revenue?
- The DoT demand of ₹4,130.38 lakhs is about 71 times the quarterly revenue of ₹57.74 lakhs. It also exceeds the company's market cap of ₹11 crores.
- Why has no provision been made for the DoT demand?
- Management believes it has a valid defence and is contesting the demand. The auditor's review did not require a provision because the outcome is uncertain and not considered an obligation at this stage.
- What did the auditor say about the results?
- The auditor conducted a limited review and found nothing that indicated a material misstatement in the financials.
- Is this result significant for such a small company?
- The swing from loss to profit is directionally positive, but the amounts are immaterial relative to the DoT liability and overall scale. The filing is routine and unlikely to move the stock.
Hathway Bhawani Cabletel & Datacom Ltd.
Latest quarter · Jun 2026
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All notes on HATHWAYB →- 14 Jul 2026 · 5:16 PM IST Hathway Bhawani Cabletel swings to profit; DoT claim still overhangs
- 14d ago Hathway Bhawani appoints veteran Ravi Goyal as CFO after leadership gap
- 14d ago Hathway Bhawani swings to profit; DoT claim still overhangs